Retail & Commercial

The lender said it has committed $500 million to refinance underwater borrowers and has fulfilled its obligation to provide relief in Florida and California.

Sheila Bair may advocate a lifelong commitment for examiners, but given existing rules, the fears of potential conflicts of interest should be more hypothetical than real.

The rate of seriously delinquent U.S. mortgages fell to the lowest since 2008 as employment improved and recovering housing demand made it easier for homeowners to sell.

Naugatuck Valley Financial (NVSL) in Connecticut has named a longtime financial manager to become its interim chief financial officer.

Foreclosure filings surged in New Jersey, New York and Connecticut last month, even before those three states bore the brunt of superstorm Sandy that now has homeowners digging through the debris.

Ingenico SA, a French provider of payment terminals and services, is seeking takeovers to expand outside Europe, said Chief Executive Officer Philippe Lazare.

As preparations continue for the migration to the EMV chip-card standard in the United States, payments companies must ensure that point of sale terminals are compatible with both card networks’ standards and the myriad card issuers on those networks.

Mobile apps from Starbucks and Dunkin’ Donuts may prove useful for on-the-go coffee guzzlers, but their approach may not translate well to other retail environments. A few companies are taking a different approach to modernizing payments for sit-down restaurants and other merchants.

KINSTON, S.C. – Self-Help CU is opening a new branch here, the credit union’s 10th, in a recycled gas station.

WASHINGTON — Bank and credit union regulatory agencies issued additional guidance late Wednesday endorsing "prudent efforts" by financial institutions to aid customers affected by Hurricane Sandy.